The government clarified that there is no pending proposal to exclude State-run lotteries from the 40% GST rate. The hike was recommended by the GST Council as part of rate rationalisation.
India expands affordable AI access through subsidised compute, national datasets, and large-scale infrastructure. The initiative aims to make AI innovation accessible to startups, researchers, and public institutions.
The Appellate Authority held that it cannot condone delay beyond the 30-day extended period prescribed under Section 100(2) of the CGST Act. As the appeal was filed 250 days after communication of the AAR order, it was dismissed without examining merits.
Discover why 2026 is the best year to invest in corporate bonds in India. Learn benefits, bond types, returns, tax perks, and easy ways to start investing.
The amendment replaces annual KYC with a three-year filing cycle. Directors must update details within 30 days of changes to remain compliant.
The Budget outlines a 6.8–7.2% GDP growth outlook, fiscal consolidation roadmap, and inclusive development strategy guided by three Kartavyas.
From ROFR to liquidation preference, critical clauses shape control and exit rights in PE/VC deals. Proper understanding prevents future disputes and dilution risks.
When no TCS is collected and NIL filing is not mandatory, late fee under GST cannot be levied. Departmental delay in cancellation does not create fresh liability.
The Government has permitted up to 100% foreign investment in Indian insurance companies and intermediaries under the automatic route. The policy mandates IRDAI verification, resident Indian management requirements, FEMA pricing norms, and compliance with insurance laws.
Public Notice 47/2025-26 revises Para 4.73(19) of HBP 2023 by updating the laboratory’s suffix from DMCC to FZCO. The amendment takes immediate effect under FTP 2023 powers.
